Beijing Announces New Rules to Curb Tech Monopolies
China’s market regulator has announced new rules to identify and stop monopolistic practices in the internet industry, in the latest move by Chinese officials to rein in the country’s burgeoning tech...
View ArticleXi Personally Stopped Ant Group IPO
After Shanghai’s stock exchange abruptly suspended Ant Group’s initial public offering just 10 days after Jack Ma delivered a blistering speech comparing Chinese regulators to a “geriatric club” intent...
View ArticleAlibaba Faces Antitrust Probe While New Regulations Challenge Ant Group’s...
New announcements from China’s regulatory authorities have revealed broad plans to rein in Alibaba and Ant Group, as part of a concerted effort to strengthen state supervision of Jack Ma’s business...
View ArticleXi’s Grande Vision For U.S.-China Relations Runs Through Starbucks
On Thursday, January 14, Xinhua published a letter from Xi Jinping to former Starbucks CEO Howard Schultz, calling on Schultz to encourage the development of U.S.-China ties. Xi’s public letter to...
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Consumerism, Communism, and Cartoons: Chinese Youth Reject Jack Ma
News of the suspension of Ant Group’s initial public offering, shocking to business-world observers, received a warm welcome among some corners of Chinese youth. Many of the primary users of Ant...
View ArticleDetails of Alibaba Penalties Emerge as Regulators Eye Other Giants in Tech...
More than four months after a high profile crackdown on Jack Ma’s financial empire marked the beginning of a regulatory overhaul for China’s big tech companies, details of the penalties set to be...
View ArticleAfter Months of Speculation, Regulators Drop Hammer on Jack Ma’s Business Empire
Six months after abruptly calling off fintech giant Ant Group’s IPO and launching an investigation into Alibaba for antitrust violations, Chinese regulators have at last announced their penalties...
View ArticleChinese Regulators Prepare to Take Action Against More Tech Companies
After levying a record-breaking fine against Alibaba and requiring sweeping structural changes to Ant Group’s business earlier this month, Chinese regulators are showing no signs of letting up in their...
View ArticleNetizen Voices: On May Day, Shenzhen Party Committee Celebrates “996” Culture...
May Day was conceived as a celebration of the eight-hour work day by a coalition of socialists and labor activists in fin de siècle Europe. Over a century later, Shenzhen’s Communist Party Committee...
View ArticleCEOs Feel The Pinch As Regulators Come Down On Big Tech
After decades of a nearly laissez-faire approach to tech regulation—stringent censorship measures aside—Chinese authorities have stepped up their scrutiny of the country’s internet giants. Regulators...
View ArticleTikTok Parent ByteDance Plans Hong Kong IPO After Shelving New York Listing
ByteDance, the Chinese tech giant behind TikTok, is reportedly planning a 2022 Hong Kong initial public offering (IPO) just months after shelving a potential offshore listing in fear of punishment from...
View ArticleAlibaba #MeToo Case Shines Light On Toxic Corporate Cultures
Tech companies’ toxic cultures are the latest focus of China’s resurgent #MeToo movement. In an essay posted on internal Alibaba message boards and later leaked to the public, a female employee alleged...
View ArticleHangzhou Party Boss Investigated For Corruption, Officials Warned About...
An investigation into Hangzhou’s Party chief by the CCP’s powerful internal anti-corruption watchdog may be tied to Alibaba’s ongoing political woes. Over the weekend, the Central Commission for...
View Article“996” Ruled Illegal Yet Labor Researchers, Activists Still Arrested
The Supreme People’s Court has ruled the much-reviled “996” 72-hour work week illegal. The January death of a 22-year-old Pinduoduo employee after working a late shift focused public anger on 996...
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Alibaba Fires Employees Who Leaked Sex Assault Case, Invests In “Common...
Once fêted at home and abroad as an emblem of China’s rising power, Alibaba has fallen on hard times. Spin-off Ant Group’s IPO was blocked at the eleventh hour by Xi Jinping’s personal fiat. Founder...
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